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janice shell

02/21/14 1:40 AM

#15811 RE: MarketCap #15804

Ahhhh, here we are. They should have referred to STBV by the company name, not the ticker.

During the nine months ended September 30, 2013, the Company incurred expenses of $230,734 in relation to new business development. This consisted of $98,258 for the Company’s Cannabis.org website/joint venture, $92,976 in relation to GrowLife Productions, Inc., $15,000 in relation to the STVB joint venture, and $24,500 relating to other potential joint ventures. No such expenses were recorded in the same nine-month period of fiscal year 2012. Of the $230,734 expense recorded for new business development, $71,000 was non-cash and was paid by the issuance of 1,762,300 shares of the Company’s common stock.

Big whoop. $15K? And then what happened?